About Closing Costs

"Closing Costs" are the fees that pay for various services involved in the sale of a home. Buyers & sellers negotiate the payment of these costs.

Many of the costs associated with buying a home are associated with getting the mortgage loan. Since Sky Apply Mortgage, Inc has extensive experience with closings & mortgages, we often explain the details of closing costs.

Loan Estimate (Also known as the LE)

Very soon after you apply for a loan, we will give you a "Loan Estimate" of your closing costs. We base this closing cost estimate on our extensive past experience. It's important to note that while our LEs are very precise, we can't always estimate costs to the penny. We go over Loan Estimates with buyers almost every day, so we are happy to answer your questions about closing costs.

Below you'll find a generic list of costs for buying residential real estate. We will provide a specific list of your closing costs when we deliver your Loan Estimate.

Standard Closing Costs

Loan-Related Costs
  • Taxes
  • Loan Origination Fee
  • Points — A fee paid to lower your interest rate (optional)
  • Appraisal Fee
  • Obtaining Your Credit Report
  • Up-front Interest Payment
  • Escrow Account
Property Taxes
  • Transfer Taxes & Recording Fees
  • Insurance
Homeowners Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance
  • Flood or Quake Insurance if applicable

Sky Apply Mortgage, Inc can answer questions about these closing costs. Call us: (813) 200-7931.

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